Ask a CCCS counsellor a question

CCCS_Sue

shelly782003 wrote: »

Hi, wonder if you could offer some much needed advice.

In Jan i am coming into some money (40K). My husband and I have around 15K worth of debt, we have a property that we are currently renting out, and we are renting ourselves.
Is it wise to pay off this debt, then we would have around about 10% deposit on a new house, with still renting out our flat???
I would of course save all the extra money we didn't have each month in a high interest savings account to put towards moving costs
Hi, wonder if you could offer some much needed advice.

Any advice would be helpful

Hi shelley782003 and thank you for your message

You could pay your all the debt out of this lump sum as this will also clear all the interest that you are incurring, and you would have a fresh start.
You could also ring and ask for a settlement figure. This is usually lower than the outstanding amount.
This will also free up the monthly payment you were making towards your debt, so you would have more surplus in your budget.

Regards
Sue

CCCS_Sue

debtfreesomeyear wrote: »

Help. I have £11400 in credit card debts. Been paying the minimums and have very little left for living ie. utilities. Went to my bank and they will not offer me a consolidation loan, tired Sainsbury's on line and RBS. What do I do??

Hi debtfreesomeyear and thank you for your message

Taking out further debt to pay off existing debt is not always a good idea, as you could end up worse off after adding on the extra interest.

If you are struggling to keep up with your priority payments by making the minimum payments then you could make an appointment to speak to one of our debt counsellors about your situation.
The counsellor will put together a budget showing your income and expenditure and then discuss options available for your situation.


To book an appointment with one of our trained counsellors you would need to contact our helpline free on 0800 138 1111. Lines are open Monday to Friday 08:00-20:00. It would be helpful that when you call you have details ready regarding your income, expenditure and creditors, as this can help speed up the referral process. If you have this information ready it may be possible to refer you directly to a counsellor if one is available, otherwise we will arrange a time that is convenient for you to be called back for an appointment.

Alternatively you can visit our online debt advice facility called Debt Remedy. Debt Remedy would assist you in completing a financial statement and you would be provided with tailored advice on the best way to deal with your situation. Click here to go directly to Debt Remedy.

Regards,
Sue

Rocksteadycrew22

Hi can you give me some advise please, I recently took the first step in contacting you a CCCS and you have just today set me up a DMP, debts circ £37k, WOW... Just as this happened I have been offered VR the sum of money on the table would far exceed the amount of debt involved, so its seems to us like a lifeline, what is the best way to proceed now, should we simply pay the lot off, or should we hold on to it a while, in case a job does not come as quickly as we hope? This feels like a lifeline, the decision's we make are not easy though and I need to sence check?

CCCS_Sue

vinnyknox wrote: »

Hello

This is my first post and some questions may have already been answered.

My wife has received a letter today from a debt collection agency who are apparantly representing Orange. They say she owes over £200 but my wife has never had a phone with Orange. We moved house on 1st October last year and I have just been round to our old flat and found 3 letters relating to the same debt, the first dated 28th October 2008.

We intend to write to the Debt collectors to ask for details of the debt and I understand this type of letter is called a subject access request.

Can anyone confirm that this is the correct first step in challenging the validity of this debt.

Does anyone have any other advice about dealing with these types of letters?

Thanks in advance

Hi vinnyknox and thank you for your message

It is up to the creditor to prove that you owe the debt.

I have attached a sample letter you can use.

Dear Sirs

Ref …………………………………….

With reference to the above account:

Please will you send me a true copy of the original signed agreement together with an up to date statement of the account showing all transactions, including interest and charges, and a copy of any other document referred to in the agreement.

I understand I am entitled to this information under ss77-79 of The Consumer Credit Act (CCA) 1974.

I also understand that this information should be sent to me within 12 working days of you receiving this letter. The CCA states that creditors are unable to enforce an agreement until this request is complied with.

I am enclosing the £1:00 fee, payable under the Consumer Credit Act 1974, for each account.


Yours faithfully

Hope this helps


Regards
Sue

alixandrea

CCCS_Amanda wrote: »

Hi Alixandria,

Sorry that we missed your post!!

I am not sure how successful you will be in removing your name from the loan. Banks rarely do this, and would probably advise your ex to apply for another loan to pay out the first. As he is unemployed this is not likely to happen now but may be something that you want to consider when he is working again.

If your ex defaults on the loan, the only thing that you will be able to do is to make an offer of payment to them that you can afford. Hopefully it will only be temporary and the loan company will give you some time to pay. Unfortunately, there is not a lot that you can do until he actually defaults on the loan.

I hope that this helps.

Regards,
Amanda

Hi Amanda, thank-you for your response. It's as I feared then. Oh well, I guess I'll just have to wait and see what happens then.

All the best

Alixandrea

Xavier79

Hi CCCS

Just started my DMP with the CCCS and have paid my first payment today :-) Debt free life here I come!

My Question relates to CCJ's and am I going to get any? I have never missed a payment before entering the DMP due to massive OT that has now been removed (credit crunch bites again) In your experience is it common practice for the creditors to chase a CCJ in the 'start-up' period before they all accept the DMP payment?

Thanks in Advance

X

CCCS_Sarah

meggiemoo1 wrote: »

Is there anyone that can advise us. 10 years ago a friend returned to the UK from working overseas. They stayed at our UK address for sometime then moved on. We have started to receive letters from a debt collector saying that this person owes money overseas. We have returned their letters stating that no-one with the name they are addressing the letters to lives at this address and we have no forwarding address. We have now received another letter so we called to advise them again the person they want does not live at our address and to stop sending letters to our address. They insisted on a telephone number for us which I refused. They threatened to pass the details onto a baliff. I hung up at this stage.
What can they do and more so what can we do.
Thank you

Hello,

The creditor would not be able to send a bailiff as the only person that can do this is the court. I would recommend that you keep sending the letters back and write a letter of complaint and see if that makes a difference.

Sarah

CCCS_Sarah

Findingawayout wrote: »

I don't know if I am doing this right, I am new to forums and am not quite sure how they work, anyways if somebody is reading this maybee you could help.

We are in a serious position, We have spoken to the good people at CCCS and completed the budget questionair and had a telephone interview, however on three occasions we have had three different pieces of advise, ie First an IVA then after the interview a DMP, to which we could not commit since it would have taken us well past retirement age and lastly Bancruptcy. We have tonight reworked our budget plan allowing a better surplus for an IVA, is it possable to contact you again with a view to submitting the revised budet for consideration.

That would not be a problem; the point of the budget is to reflect your situation so if there has been any changes please let us know as it may change the advice. There will be a number for you to call in your pack.

CCCS_Sarah

hambocolin wrote: »

Hello! My husband owes £4550 to sky redit card. we are on a monthly repayment plan of £50 per month which is to be reviewed shortly.we have been very good and not missed a payment nor have we been late. the question i want to ask is in regards to a ful and final offer. he will recieve a bonus from work in march, for approx £3500 - give or take.we wouldlike to offer this as a full and final payment as we just want to get rid of the debt and concentrate on our other ones. is this something that might be considered by creditors? and do we simply put it in writting?

thanks in advance!

You can put an offer forward an offer, if you send me a PM with your email address I will send you some sample letters that you can use or adapt.

collywollys

hi

when filling in the debt remedy plan on cccs, is it household income or just income in your name?

thanks